From SDASFAA: Ask a Financial Aid Professional

July 30, 2019

Greetings from SDASFAA! In addition to a question and answer for this month, we also wanted to provide some tips for signing up for an FSA ID.

The FAFSA is asking for my 2018 tax information but I can’t locate my tax return. Is there someplace else I can find that information?

Yes, there is! The IRS website: http://www.irs.gov/ provides several options for acquiring tax documentations. If you want an actual photocopy of your return, including all schedules, W-2’s, and other paperwork, you can submit Form 4506. This does have a $50 cost attached to it.

A second, free option is to request a tax return transcript, which can be done with Form 4506-T or on the IRS website. This will provide all the amounts that are needed to complete the FAFSA. It can be a difficult format to read, so if you have problems, contact your college or university’s Financial Aid office for assistance.

Finally, if you did not file taxes but need copy of your W-2 form, you can contact your employer or former employer and they should be able to provide you with a copy.

Tips for the FSA ID

The FSA ID is a username and password that students will need to create for Federal Student Aid websites such as the FAFSA and will also be used as their legal signature on certain Federal Student Aid documents. Any student that plans to file the FAFSA will need an FSA ID as well as one of their parents. The FSA ID website is fsaid.ed.gov.

  • Do it early! The FAFSA becomes available on October 1st, but you can apply for the FSA ID at any time.
  • Have your phone and email account available when you sign up as you will need to verify both accounts.
  • Use an email address that will not expire, such as gmail or yahoo. Do not use your school email address.
  • Each FSA ID must be linked to a unique email address – so do not enter the parent’s email address into the student’s account!
  • Store your username and password in a safe place. Your password does not expire and you will need again each year that you file the FAFSA.
  • Only create an FSA ID using your own personal information and for your own exclusive use. You are not authorized to create an FSA ID on behalf of someone else, including a family member.
  • If you encounter problems trying to create an FSA ID, their customer service number is 800-557-7394.

Have a great start to your year and let us know if you have any questions or feedback. You can email feedback@mappingyourfuture.org with ‘SDASFAA’ in the subject line to contact us.

 Events for Counselors

Gregory High School Financial Aid Night

Wednesday, September 25 at 6:00 PM CST
Online Meeting
Host: Cathy Mueller

More Info

Iroquois High School Financial Aid Night

Monday, September 30 at 6:30 PM CST
Online Meeting
Host: Beth Ziehmer

More Info

Sisseton High School Financial Aid Night

Tuesday, October 1 at 6:30 PM CST
Online Meeting
Host: Beth Ziehmer

More Info